You are able to open bank accounts by proving your ownership of the condo.

Not many are able to open bank accounts with DTV. As the BOT sees DTV are as tourist visa. So bank accounts are a little harder to open due to the more stricter rules of account opening.

Here’s a website to read about it.

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Yes it is true that Foreigners cannot on a house outright. As we all learned that freehold is the best way to own a property.

There’s an easier way now for foreigners to buy a house. There are a few developers now offer leasehold. As this takes away a lot of the issues and problems of opening a company to hold the property.

So when selling the house, you can either sell the house to the next foreigner under leasehold or selling it to the next Thai owner under freehold.

And when the money is received, you can take your money out. As the leasehold also would need foreigners to do the money transfer the right way, showing the money is coming from overseas.

Hope this info helps.